Digital transformation is a "leverage" to lift the tax simplicity and convenience

VCN - The Tax Department will continue to provide digital tax services and electronic data to facilitate taxpayers, contributing to improving Vietnam's tax simplicity and convenience ranking.
E-invoice Operation and Support Center at General Department of Taxation
E-invoice Operation and Support Center at General Department of Taxation

Completing the implementation of e-invoices for 100% of businesses

Deputy Director General of Taxation Dang Ngoc Minh emphasized the digital transformation orientations of the tax sector from 2022 to 2025 at the Tax-Customs forum that was held recently.

According to the tax industry leader, digital transformation is only really successful when every citizen and business actively participates in and enjoys the benefits that digital transformation brings. Therefore, the tax sector has been implementing many solutions to promote reform, application of information technology, and modernize tax administration.

Sharing about outstanding results in digital transformation, Deputy Director General Dang Ngoc Minh said that by the end of June 30, 2022, the General Department of Taxation had completed the implementation of e-invoices for 100% of businesses, organizations, households and individuals doing business by the method of a declaration following the effectiveness of the Law on Tax Administration.

By September 2022, the number of e-invoices received and processed by the Tax authority was 1.5 billion. The implementation of e-invoices not only contributes to promoting the development of e-commerce and business on the digital platform that is in line with the general development trend of the world, bringing many common benefits to society (such as saving costs of printing, storage, and resources and environmental protection,...) creating a transparent and equal business environment for businesses but also promoting digital transformation in businesses and state management agencies, especially tax authorities.

In parallel, the General Department of Taxation has completed the implementation of electronic tax declaration, electronic tax payment and electronic tax refund services in the whole country. In particular, 99% of enterprises out of more than 870,000 businesses use e-tax declaration, e-tax payment and e-tax refund services.

The Tax sector promotes the implementation of e-tax services to support the lookup of tax liability information, tax declaration, and tax payment anytime, anywhere, which not only creates convenience for people but also contributes to limiting direct contact in the context of the Covid-19 pandemic and promoting non-cash payments.

Notably, the leaders of the General Department of Taxation informed that, on March 21, 2022, the General Department of Taxation officially announced the electronic tax application for mobile devices (eTax Mobile) and the electronic portal for foreign providers. As of September 27, 2022, there were 171,871 downloads, installations, and uses of the eTax Mobile application. As a result, 74,765 transactions total over VND 320 billion (successfully paid VND86 billion)...

With the above results, for two consecutive years, the General Department of Taxation was honored to receive the Award for State Agency with Excellent Digital Transformation in 2021-2022.

Providing digital tax services and electronic data

Deputy Director General Dang Ngoc Minh said that promoting the achievements, in the coming period, the tax sector will continue to provide digital tax services and electronic data to facilitate taxpayers, contributing to improving Vietnam's ranking in terms of tax simplicity and convenience. In particular, three key tasks are implemented, including:

Firstly, in terms of e-invoice software, it will continue to promote the deployment of e-invoice software to meet the requirement of new policies on e-invoices and expand the construction of a portal system to receive e-invoice data initialized from the cash register; building a database of e-invoices and launching solutions and tools for analyzing and synthesizing data for tax risk management.

Secondly, regarding building and implementing an integrated tax management system, it will focus on meeting the re-engineering of business processes based on modern architecture, application of new technologies in artificial intelligence and internet of things (IoT) and big data…; developing and providing digital tax services for taxpayers, thereby, helping to increase the experience for people and businesses.

Thirdly, in terms of technical infrastructure, it is vital to deploy technical infrastructure to ensure safety and security for the tax IT system in the direction of digital transformation (the technical infrastructure foundation architecture is transformed in the direction of services, developing following the trend of cloud computing technology); develop Internet of Things infrastructure and apply new digital technologies in building applications and services for tax administration.

Tax sector leaders said that the successful implementation of the above tasks would bring excellent efficiency in reforming tax administrative procedures, contributing to accelerating the digital transformation process of the tax sector in particular and national digital transformation strategy in general.

By N.Linh/Thanh Thuy

Related News

Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
What do businesses need for digital transformation?

What do businesses need for digital transformation?

VCN - According to experts, to support businesses in successful digital transformation, the state needs to complete the policy framework and testing mechanism (sandbox) for the development of digital economy, green economy, circular economy and new business models. At the same time, reform institutions to attract investment in digital technology in the direction of maximizing convenience for capital contribution, share purchase, merger and acquisition of digital technology enterprises. Create a favorable environment to promote digital transformation and support business development.
Reducing logistics costs: A solution for competitiveness and attracting import-export goods

Reducing logistics costs: A solution for competitiveness and attracting import-export goods

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.
Ha Nam Ninh Customs embraces digital transformation in administrative procedures

Ha Nam Ninh Customs embraces digital transformation in administrative procedures

VCN - In a move to align with the General Department of Vietnam Customs' digitization strategy, Ha Nam Ninh Customs has taken significant strides to convert records and administrative processes from paper to digital format across all operational areas.

Latest News

Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security  2025

Strictly control public debt and ensure national financial security 2025

VCN – In order to achieve goal of strictly managing public debt and maintaining security and safety of the national financial system in 2025, it is necessary to ensure the borrowings and repayments of public debts is within the approved estimate; closely monitor public debt indicators to ensure that they are within the ceiling and warning thresholds approved by the National Assembly.
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

VCN - On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws. Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized the need for the Government to direct the drafting body and relevant agencies to collaborate closely to finalize a persuasive and widely supported report, ensuring the quality of the draft law for the National Assembly's consideration and decision.

More News

Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

VCN - According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

VCN - The state economy plays a key role in the socio-economic development process, but it is necessary to strengthen the financial health and competitiveness of state-owned enterprises (SOEs).
U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

VCN - In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Restructuring public finance is an important step to improve state financial management, ensure resources are allocated reasonably and effectively, contributing to the country's sustainable development. In addition to the achieved results, the process of accelerating public finance restructuring also faces many pressures.
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
Read More

Your care

Latest Most read
Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security  2025

Strictly control public debt and ensure national financial security 2025

VCN - According to the plan for borrowing and repaying public debt and foreign debt of the country in 2025, the total borrowing demand of the Government in the year is expected to be at VND 815,238 billion, an increase of 20.6% compared to the Government'
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
Mobile Version